Bank of America, Citigroup, and four other US lenders will announce a 30-day freeze on foreclosures to allow a portion of subprime and prime mortgages to be modified. [Bloomberg]

The Historic Preservation office has thrown a last-minute spanner in the long-awaited plan to demolish the congested Kosciuszko Bridge in Queens. [NYDN]

The state is at least $1 billion behind in funding the $3 billion construction of Moynihan Station. [NY Sun]

The Yellow Rat Bastard clothing chain agreed to pay over 1,000 current and former employees $1.4 million in unpaid wages and overtime to settle a lawsuit, the Attorney General’s office announced. [NY Sun]